U.S. retail sales post broad rise, prior months revised up

U.S. RETAIL SALES overall sales rose 0.5% in May. / BLOOMBERG NEWS FILE PHOTO/ARIANA LINDQUIST
U.S. RETAIL SALES overall sales rose 0.5% in May. / BLOOMBERG NEWS FILE PHOTO/ARIANA LINDQUIST
WASHINGTON – United States retail sales posted a broad-based gain in May and the prior two months were revised higher, suggesting consumer spending is healthy enough to limit the case for a Federal Reserve interest-rate cut in the near term. The value of overall sales rose 0.5% from the previous month after a 0.3% increase…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -